This is the highest-ever bonus being paid to the employees for the good work done by them to take the Indian Railways to a new high, Information and Broadcasting Minister P R Dasmunsi told reporters after a meeting of the Cabinet chaired by Prime Minister
Manmohan Singh on Thursday.
The Cabinet approved the proposal of Railway Minister Lalu Prasad Yadav to this effect, he said.
The productivity-linked bonus equivalent to 70 days' wages would be given to all eligible non-gazetted railway employees, excluding the personnel of RPF and RPSF, for the 2006-07 fiscal on the basis of the formula approved by the Cabinet in September 2000, Dasmunsi added.
